The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core...
Procaps Group, S.A. (PROC) announced Friday that Ruben Minski has resigned from his role as Executive Chairman of the Board, effective June 30. Minski will continue to serve as a member of the Board of Directors. The Board of Directors of the Company has appointed Jose Minski, currently a member of the Board and Chair...
The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core...
A report released by MNI Indicators on Friday showed a substantial slowdown in the pace of contraction in Chicago-area business activity in the month of June. MNI Indicators said its Chicago business barometer surged to 47.4 in June from 35.4 in May, although a reading below 50 still indicates contraction. Economists had expected the business...
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much less than previously estimated in the month of June. The University of Michigan said the consumer sentiment index for June was upwardly revised to 68.2 from the preliminary reading of 65.6. The revised reading is still...
The Hong Kong stock market has moved higher in two straight sessions, advancing more than 60 points or 0.3 percent along the way. The Hang Seng Index now rests just beneath the 18,090-point plateau and it may move higher again on Thursday. The global forecast for the Asian markets is mixed and flat ahead of...
The Australian market is sharply lower on Thursday, adding to the losses in in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,700 level, as traders react to hot inflation data that stoked fears the Reserve Bank of Australia could raise interest rates...
The Indonesia stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had picked up more than 160 points or 2.6 percent. The Jakarta Composite Index now rests just above the 6,905-point plateau although it may head south again on Thursday. The global forecast for the Asian...
The Thai stock market has moved higher in four straight sessions, gathering more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,320-point plateau although it\'s likely to run out of steam on Thursday. The global forecast for the Asian markets is mixed and flat...
The Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods unexpectedly crept higher in the month of May. The report said durable goods orders inched up by 0.1 percent in May after rising by a downwardly revised 0.2 percent in April. Economists had expected durable goods orders to slip...